Portfolio Management

“Emerging market equities [have] a history of headlines — mostly negative — and volatility,” said Devan Kaloo, head of global emerging markets equities at Aberdeen Asset Management. Yet there is reason for optimism, especially for those value investors who dive deeply into the fundamentals, which may be turning positive, Kaloo told attendees at the 70th CFA Institute Annual Conference.

Is the potential value of family-controlled businesses overlooked by investors or are these firms better off ignored? A panel at the Ben Graham Value Conference IV, hosted by CFA Society New York, discussed these firms and why they might be worth investing in. Robert Del Mauro explores key takeaways.

Global macro is as much an exercise in navigating the political economy as it is an alternative investment strategy. Practitioners must recognize its limitations and remember that change is the one constant.

In the final analysis, can we truly measure the emissions of our portfolio? Or understand what the actual “carbon footprint” is? No, not really, says Christopher K. Merker, CFA, but it is becoming easier.

The author provides a thorough guide to the key trading strategies used by hedge funds and offers an overview of active management. He also explains such diverse approaches as quantitative, macro, dedicated short bias, and many more.

European regulators, including Belgium's Financial Services and Markets Authority, are calling for banks to give more short-term voluntary support to the Euribor swaps market benchmark, which faces an overhaul. The panel of banks that contributes to setting the benchmark has fallen from 49 to 20, and regulators say they have contacted banks and asked them to return to participation, with the possibility of making their contribution mandatory being held back as a last resort. Risk (subscription required) (16 Aug.)

Investigations into potential insider trading by Deutsche Boerse CEO Carsten Kengeter have expanded to look into the "reliability" of the exchange's top management. Financial Times (tiered subscription model) (16 Aug.)

President Donald Trump has dissolved two business councils after CEOs kept withdrawing to protest his comments about a deadly confrontation in Virginia. Eight executives of major companies left the American Manufacturing Council and the Strategic and Policy Forum. Reuters (17 Aug.)

CFA Institute is the global, not-for-profit association of investment professionals that awards the CFA® and CIPM® designations. We promote the highest ethical standards and offer a range of educational opportunities online and around the world.

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